Qatari banks fall after HSBC cuts their target price

The Commercial Bank (P.S.Q.C.)

03/11/2022 09:00

** Shares of major Qatari banks fall after HSBC lowers
target prices (TP) and downgrades ratings
    ** Commercial Bank Of Qatar  COMB.QA  falls 1.4% after HSBC
cuts TP to 7.1 Qatari riyals from 9 Qatari riyals and downgrades
rating to "Hold" from "Buy"
    ** Masraf Al-Rayan  MARK.QA  is down 0.9% with HSBC slashing
TP to 2.1 Qatari riyals from 3.4 Qatari riyals 
    ** Among other lenders, Qatar Islamic Bank  QISB.QA  was
down 0.8% in morning trade after HSBC trimmed TP to 21 Qatari
riyals from 22 Qatari riyals and downgraded to "Reduce" from
"Hold" 
    ** Doha Bank  DOBK.QA , which is not part of the index,
drops 1% as HSBC cuts TP to 2.4 Qatari riyals from 2.7 Qatari
riyals 
    **Qatar's benchmark index  .TASI  down 0.5%
 (Reporting by Shamsuddin Mohd in Bengaluru)
 ((shamsuddin.mohd@thomsonreuters.com))